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Nur Atifi · · 1 min readIn brief: Indonesia capsule hotel raises pre-series A funding from Alpha JWC, Genesia
Bandung-based “hi-tech” accommodation startup Bobobox announced it has raised an undisclosed pre-series A funding from existing investors Alpha JWC Ventures and Genesia Ventures, as well as three undisclosed international backers.
Source: Press release
Bobobox plans to use the money to fuel its expansion across Indonesia in the next two years.
Founded in 2017, the startup provides affordable hotel accommodation in the form of “pods.”
It currently has one flagship hotel in Pasir Kaliki, Bandung, which houses 62 pods. It’s looking to expand to 11 more locations this year, starting with Greater Jakarta, Bogor, Bali, and Yogyakarta.
Bobobox co-founder and managing partner Antonius Bong shares that the startup wants to be Indonesia’s “biggest budget accommodation chain by 2020, operating in over 200 locations.”
Th company raised about US$1 million in a seed funding round with Alpha JWC Ventures and Genesia Ventures last year.
Editing by Charmaine de Lazo
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